Energy crisis suppresses euro rebound, interest rate advantage returns to US dollar assets

Golden Ten Data reported on March 3 that Chris Turner from ING Group pointed out in a report that due to the surge in natural gas prices caused by the Middle East conflict, Europe's energy dependency means the euro will continue to be under pressure in the short term. He stated that although most people expect the spike in natural gas prices to be temporary, investors are unlikely to rush to buy euros when it weakens, given the previously bullish positions on the euro in the market. "Before the euro finds support against the dollar, the market at least needs to see clear evidence of de-escalation of the conflict." Turner added that currently, US stocks are outperforming European stocks, and the interest rate differential has slightly shifted in favor of the dollar.